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2014 (7) TMI 1260 - HC - Income TaxAllowability of deduction under Section 80-IB - whether the activity undertaken by the assessee qualifies to be a manufacturing activity? - Tribunal allowed the claim - Held that:- The Division Bench of this Court in "CIT v. Arts & Crafts Exports" [2011 (12) TMI 338 - Bombay High Court] held that whether the decision of the Tribunal in the case of assessee for earlier year that the assessee was engaged in manufacturing activity and, therefore, entitled to deduction under Section 80-IB, had been accepted by the revenue and no argument was advanced to establish that the said decision of the Tribunal was erroneous, allowability of deduction under Section 80-IB of the Act during relevant previous year could not be assailed by the revenue. The facts of this case and present cases are similar. The ratio of this decision, in our view, is perfectly applicable to the present cases. - Decided in favour of assessee
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